Dealers note that the forint weakened to above 265 from 263 to the euro on Monday.
Dealers attribute the forint’s weakening to a negative correction of its 5pc strengthening against the euro since the beginning of the year, noting that other central and eastern European currencies have weakened to a similar degree since Monday morning.
Dealers add that the forint’s weakening has taken place amid light trade.
The forint traded at 184.79 to the dollar on Tuesday morning, compared to a Monday-afternoon rate of 183.40. The forint traded at 204.45 to the Swiss franc on Tuesday morning, compared to a Monday-afternoon rate of 201.88.
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